Centrifuge jumps 12% on Base Chain launch enabling tokenized S&P 500 trading, testing resistance at $0.18.

Centrifuge (CFG) surged 12% following its expansion to Base Chain, which introduced trading of tokenized S&P 500 assets. This move boosted CFG's network activity, reflected in increased Total Value Locked (TVL) reaching $1.6 billion, higher revenue, and a growing number of holders. Technically, CFG bounced off key Fibonacci retracement levels and faces resistance near $0.18, a critical test for bulls to sustain momentum. Continued growth in asset classes and network metrics suggests positive prospects if CFG overcomes this resistance.